valU, MENA’s leading buy-now pay-later (BNPL) fintech platform, and Marakez, one of Egypt’s leading mixed-use developers, announced today the launch of a strategic partnership that will see valU offer its BNPL services to Marakez’ Mall of Tanta. valU will offer mall visitors an exclusive offer that features a payment plan with 0% interest, 0 down-payment, and 0 purchase fees over 12 months for a week, available to valU clients at Mall of Tanta’s expansive range of over 60 retailers.
EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), kicked off its fourth Egypt Day Conference titled “Shaping the Investment Landscape” yesterday, with investors showing continued interest in Egypt’s mounting economic and investment prospects after meeting with the Cabinet’s Economic Group, led by the Prime Minister of Egypt Dr. Moustafa Madbouly.
Jumia, the leading e-commerce platform in Egypt, JumiaPay the fintech electronic payments platform, and valU the leading Buy-Now Pay-Later (BNPL) fintech platform in the Middle East and North Africa, have signed agreements to enable valU to become a payment solution via Jumia and JumiaPay.
EFG Hermes Holding informed shareholders today that it has completed its transformation into an Egyptian universal bank with a market-leading frontier emerging markets (FEM) investment banking platform. The news comes as the Firm has finalized its acquisition of a 51% stake in the Arab Investment Bank (aiBANK), marking a strategic entry into the fast-growing and solid Egyptian commercial banking sector. The transaction will see EFG Hermes Holding assume control of aiBANK, with TSFE Financial Services & Fintech Subfund, a subfund fully owned by the Sovereign Fund of Egypt, EFG Hermes Holding’s valued partner, acquiring a 25% stake.
EFG Hermes Holding, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today its results for the first nine months of 2021, with revenues rising 8% over the same period last year to EGP 4 billion and its net profits jumping 26% Y-o-Y to reach EGP 1.1 billion.
The agreement capitalizes on valU’s pioneering efforts in helping its clients achieve their desired lifestyles through the provision of home improvement and finishing financing as well as Misr Italia’s commitment to providing clients with solutions that meet their needs
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully completed advisory on Fertiglobe’s USD 795 million Initial Public Offering (IPO) on the Abu Dhabi Exchange (ADX) – one of the largest ever listings on the bourse and the first ever listing of a free zone company onshore in the UAE.
valU, MENA’s leading buy-now pay-later (BNPL) fintech platform, is honored to have been recognized as the Fintech Company of the Year at the first Gulf Business Tech Awards 2021 during a ceremony hosted at the Dubai World Trade Centre on the 20th of October held during Gitex Technology Week. The judging panel included industry experts from esteemed GCC organisations including Dr. Lt. Hamad Khalifa Al Nuaimi, Head of Telecommunications Division, ICT Centre, Abu Dhabi Police HQ and Dr. Jassim Haji, President, Artificial Intelligence Society, Bahrain along with the Gulf Business technology team, all of whom were present at the ceremony.
valU, Egypt’s leading Buy-Now Pay-Later (BNPL) fintech platform, is proud to announce that it was recognized as the “Fintech Company of the Year” at the Tech Innovation Awards 2021, hosted by Entrepreneur Middle East of BNC Publishing on 6th of October at the Raffles Hotel in Dubai. valU was lauded for its outstanding achievements and growth, with over 170,000 users now registered on the platform and more than 400,000 transactions in excess of EGP 2 billion conducted since inception.
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully completed advisory to ACWA Power on its SAR 4.5 billion (USD 1.2 billion) initial public offering (IPO) on the Saudi Stock Exchange (Tadawul). EFG Hermes served as joint bookrunner and underwriter on the transaction.
We use cookies to collect information about how you use our website. And we use the information derived from such cookies to ensure the functionality of our website and to enhance our services.
